Opened on September 21, 1938. It closed as a movie theater in 1976, but was used as a community arts center from 1980-1987. P&G Theatres, Inc. took over and reopened the movie theater in 1990. It closed under the name Old Greenbelt Theatre in May 2014.

It reopened May 1, 2015 as a non-profit operation under the management of Friends of Greenbelt Theatre (FGT).